1 Peseta Urrácal

Urrácal is a small municipality in the province of Almería, and like hundreds of similarly obscure Spanish villages, it issued its own emergency fractional currency during the Civil War after the Republic's small coin supply effectively collapsed in 1936–37. The Consejo Municipal — the local governing council — became an unlikely monetary authority by default, printing chits that functioned as change in the complete absence of anything official.

Notes from this level of issuer were produced in tiny quantities, often on whatever paper and printing equipment the town had available. Survival rates are low not because of heavy circulation but because almost nobody thought to keep them.